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Convenience Store Sector in Taiwan Set for Stupendous Growth

by Shushmul Maheshwari on Jul 12, 2011

According to our new research report “Asian Convenience Store Market Forecast to 2012”, the Asian convenience store industry has been growing at the fast pace for the past few years. Countries, such as South Korea, Taiwan, China, Malaysia, India, among others are witnessing an impressive growth in the sales patterns at convenience stores. The share of traditional retail outlets in Asian countries is on a decline and the modern self service stores are replacing them. Strong expansion of middle class, increasing investment in new store formats, changing life-style patterns, are some of the prominent factors leading to a stupendous growth in the Asian convenience store market.

Further, Taiwan convenience retail store sector has experienced a huge growth in terms of new and innovative technological upgradation and service portfolio. In 2009, convenience stores accounted for around 31.7% of the total number of grocery outlets and the same proportion for supermarkets and...Read More >>

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